Hollywood producers made their final offer

July 1st, 2008 - 8:01 pm ICT by Amrit Rashmisrisethi  

Hollywood producers said they made a final offer to the Screen Actors Guild.The Alliance of Motion Picture and Television Producers said the offer was worth than $250 million in additional compensation to members of the guild over the three years of the proposed contract.

“In short, our final offer to SAG represents a final hope for avoiding further work stoppages and getting everyone back to work,” the alliance said in a statement. The alliance said film production was “virtually shut down” because of uncertainty about a deal.

The AMPTP will meet with guild representatives to explain the offer but will not entertain counterproposal’s, spokesman Jesse Hiestand said.

The guild said it would prepare a formal response once it analyzes the 43-page offer, but SAG`s chief negotiator, executive director Doug Allen, immediately criticized it.

“This offer does not appear to address some key issues important to actors,” he said in a statement.

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